Small businesses have been battered, but confidence is rising

Published March 6, 2025 3:36pm ET



SAXONBURG, PennsylvaniaSmall businesses have been the backbone of the United States since its founding. The Hotel Saxonburg, which has also been known as the Vogeley House, the Belvedere House, the Laube House, and the Central Hotel, opened in 1835 and has lasted most of our nation’s existence.

Yesterday, the new owners abruptly closed the hotel after purchasing it two years ago. This not only shuttered the historic restaurant and hotel that served as a cultural touchstone for nearly 200 years, but it also caused people to lose their jobs.

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